Italy: Oil Firms Accused Of Offering 585 Billion FCFA Bribe

International
Kimeng Hilton NDUKONG | 06-03-2018 09:45

A corporate bribery trial in Milan, Italy, considered as the biggest in history, has been adjourned to May 14, 2018, agency reports said. Court proceedings against Shell and Eni oil companies over corruption in Nigeria were initially due to open on March 5, 2018. The oil giants reportedly gave bribes worth 1.1 billion US dollars (585.98 billion FCFA) during the 2011 purchase of OPL245, an oil block estimated to hold 9 billion barrels of crude. The investigation by Milan Public Prosecutor’s office was triggered by a complaint filed in 2013 by Global Witness, The Corner House, Re:Common and Nigerian anti-corruption campaigner.

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